Tuvalu regulates AML/CTF under the Proceeds of Crime Act, supervised by the Tuvalu Banking Commission, without yet operating its own financial intelligence unit. See the obligations and how MemberCheck supports them.
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Tuvalu regulates money laundering and terrorist financing through the Proceeds of Crime Act, with the Tuvalu Banking Commission licensing and supervising banks and other financial services providers. It does not yet operate its own financial intelligence unit: it relies on cooperation with Fiji's FIU in the interim, while a domestic Transaction Tracking Unit is being established within the Tuvalu Police Force.
Regulated entities must apply customer due diligence, identify beneficial owners, monitor relationships, and report suspicious activity under the Proceeds of Crime Act. Supervisors expect a designated compliance officer, sound internal controls, and staff training proportionate to the risks a business faces.
MemberCheck helps teams meet these obligations by screening customers and entities against global sanctions, PEP, and adverse-media data, verifying identities, and monitoring risk continuously, with a clear audit trail behind every decision.
Tuvalu has not established its own FIU. It relies on cooperation with Fiji's FIU in the interim, while a Transaction Tracking Unit is being built within the Tuvalu Police Force to take on that role domestically. Supervision of licensed institutions is a separate matter, handled by the Tuvalu Banking Commission.
Tuvalu's principal AML statute, setting customer due diligence, recordkeeping, and reporting obligations for financial institutions and other reporting entities.
Established under the Banking Commission Act, the Commission licenses, supervises, and regulates banks and providers of non-deposit financial services, including their money laundering prevention obligations. It is Tuvalu's AML/CTF supervisor while no domestic FIU is operating.
Tuvalu is a member of the Asia/Pacific Group on Money Laundering, a FATF-style regional body, and aligns its regime with the FATF 40 Recommendations through that membership.
The Tuvalu Banking Commission is the supervisor. Under the Banking Commission Act it licenses, supervises, and regulates banks and providers of non-deposit financial services, including their money laundering prevention obligations. Tuvalu does not yet operate its own financial intelligence unit: it relies on cooperation with Fiji's FIU in the interim, while a domestic Transaction Tracking Unit is being established within the Tuvalu Police Force.
The Proceeds of Crime Act sets the customer due diligence, recordkeeping, and reporting obligations for regulated entities in Tuvalu.
Tuvalu is a member of the Asia/Pacific Group on Money Laundering (APG), a FATF-style regional body, and aligns its AML/CTF regime with the FATF 40 Recommendations through that membership.
MemberCheck screens customers and entities against global sanctions, PEP, and adverse-media data, verifies identities, and monitors risk continuously, with an audit trail behind every decision.
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